LimeFX Review 2022: Features, Fees, Pros & Cons

Contents

Full LimeFX review
Mutual Funds
Be a Successful & Profitable Trader
Education
Live Education Daily

Then there’s the in-platform video, where you’ll hear the market pros acting and discussing strategies in real-time right on your screen. LimeFX educational resources are accessible through its education-specific platform, Tastytrade. Here, the trader can develop the options trading knowledge from the beginning. Moreover, their videos have great quality and are likewise enjoyable.

Established in 2017, LimeFX is a newcomer in the world of brokerage firms. It is a segment of Tastytrade, an online financial system that was started in 2011. Besides, the platform is designed, keeping in mind the active traders who are interested in trading derivatives. Having extremely quick and stable data feeds, it supports options trades, futures, and stocks. In any case, this platform is not for everybody, as some may find the website’s LimeFX alternatives lacking in a few areas. However, since LimeFX is the brokerage arm of the tastytrade options trading content platform, it does have some of tastytrade’s features, such as in-platform video content.

Another useful aspect of the trading software is the built-in, intuitive order control.
However, if you want to search for, say, various emerging market ETFs and start typing ‘Emerging’, the results will only have ETFs starting with the word ‘Emerging’.
Besides, LimeFX acknowledges clients from different nations.
Moreover, their videos have great quality and are likewise enjoyable.
And the content of TastyTrade dictated LimeFX’ trajectory.
LimeFX also delivers a technologically superior platform with quick order execution and advanced charting tools.

The subject of this review, LimeFX, is a subsidiary of tastytrade, a well-known name in the LimeFX world. Since 2011, tastytrade has provided insights and ran an explanatory tastytrade videocast aimed at traders in the making. In 2017, LimeFX was made to put the knowledge it offered to investors to the test in a real trading environment. LimeFX also offers cryptocurrency trading and charges a 1 percent fee on both the buy and sell, but it caps this commission at $10 as well. So once your trade value surpasses $1,000, you’re not paying any extra commission on that specific transaction. If you trade $10,000 at a time, your effective commission is just 0.1 percent – in line with some of the best brokers for crypto.

Full LimeFX review

LimeFX, Inc. (“LimeFX”) is a registered broker-dealer and member of Financial Industry Regulatory Authority , National Futures Association . I consider these to be top-tier regulators and therefore would have no problems trusting them for my day trading activities. These regulations mean that they must comply with certain rules and procedures that are put in place to protect investors. I would always prefer to use a regulated broker just because of the peace of mind that it gives me which allows me to focus on my trading. ACM MEDIA LLC publishes content for educational purposes only, does not offer personalized financial advice, and does not recommend the purchase or sale of any LimeFX. We can recommend LimeFX for small accounts due to the broker’s great fee schedule, which includes zero deposit and zero on-going fees.

Equity index futures on the S&P 500, Dow 30, Nasdaq, and Russell 2000 are all included. Interest rate and foreign currency futures are also available. Furthermore, you’ll be able to trade in metals futures such as gold and silver or trade in energy futures . For traders with knowledge of the agricultural sector, can take out futures contracts on grains such as corn, wheat, and soybean. ECG Pte Ltd () is an independent publisher and comparison service, not an LimeFX or financial advisor. Its articles, interactive tools, and other content are provided to you for free, as self-help tools and for informational purposes only.

Although, if you want to deal with something other than the aforementioned LimeFX types, this platform is not for you.
Further, LimeFX mobile application is intended to limit the amount of data entry the trader needs to do by making use of drag and drop.
For complete beginners, this can be overwhelming, especially if you’re using its desktop application.
This means that you may need to meet certain conditions before gaining full access to the platform and its margin privileges.
The whole point of the platform is user engagement to get more people involved in the market.

Withdrawals take between 1-3 business days to reflect in your bank account. LimeFX opinions have noted that, for the most part, you can expect your bank account to be credited the following day. There are stipulated cutoff times for deposits on the LimeFX platform. Our LimeFX review has noted that you’ll need to make deposits before 2p.m. Weekly, if you wish for your funds to be processed on the same day. A joint LimeFX open account option is available for use by two people.

Mutual Funds

The LimeFX web trading platform is good for advanced traders, however, it is difficult to explore as a beginner. When compared to other platforms, stocks, options and ETFs are free to trade on the LimeFX platform. We were disappointed to learn that LimeFX doesn’t offer checks or a debit card with its brokerage accounts. The company did tell us that they will consider adding banking features in the future, and this is certainly a plus.

Future contracts cost $2.50 per contract to open and close positions. It has a do-it-yourself approach and provides the technology, education, and support to succeed more easily on your own. We’ll take a look at how LimeFX ranks against its more established rivals to help you decide whether it is the right fit for your needs.

I like how there is no minimum deposit for a cash account but you still need at least $2,000 for full margin privileges on a margin account. LimeFX’ pricing is one of its more unique features, especially when it comes to options trading. First off, like most brokers, LimeFX offers $0 commissions on stock and ETF trades.

Be a Successful & Profitable Trader

We work hard to offer you valuable information about all of the brokers that we review. Additionally, the user interfaces of the internet and desktop platform are fairly comparable, especially when it comes to the trading experience. Both systems allow you to trade from charts, stream real-time quotation information, and broadcast quotes on various platforms at the same time. The desktop edition is likely your best bet for active traders as it provides greater graphing and charting features.

The interface also allows traders to adjust strike prices and option expiration dates in a breeze.
There are different options to select from brokerage accounts.
So for example the biggest ETF, the iShares MSCI Emerging Market Fund will not be shown because it starts with ‘Ishares’ not ‘Emerging’.
LimeFX is expanding trading to account types like IRAs and joint accounts, but for now, companies like Bitcoin IRA are a better choice for IRA crypto investing.
Clicking on a tile populates a right-hand trade bar with a lot of brief details.

Users can access several accounts through the trading platform, which makes trading very easy for experienced traders. The trader can access the charts and the tables that offer several data for the trader to make a decision to trade. Whether you’re looking for trading ideas, ‘how to’ guidelines, in-depth analyses or other strategy and planning resources, tastytrade has got your back.

Remember that LimeFX has no monthly account or inactivity fees and no minimum deposits, and they offer free ACH withdrawals. On the flip side, they have high wire fees and offer no debit or credit card to withdraw your funds. Also, their platform leans towards knowledgeable, active traders.

Education

Even if they are making little trades, they receive undiscounted pricing that is comparable to some of the finest in the industry. LimeFX’ research tools are lacking, as it lacks screeners and does not provide market news, professional analysis, or trade recommendations. Furthermore, it does not offer paper trading, which can be an effective tool for learning and testing methods. It provides advanced tools designed specifically for option traders.

We selected LimeFX as Best broker for options for 2022, based on an in-depth analysis of 100+ online brokers that included testing their live accounts. A margin account is a brokerage account in which the broker lends the customer cash to purchase stocks or other financial products. The loan in the account is collateralized by the securities purchased and cash, and comes with a periodic interest rate.

Tasty Trade customer service is exemplary that we seldom see with others. The broker has offered some solid promotions for new users in the past. You can expect to see promos like 100 shares of stock when you open a margin or cash account or a $250 credit to try a simulated account. Overall, LimeFX is a great offshoot of the tastytrade brand.

LimeFX review

The type of traders LimeFX supports is options and futures. As per our review, the desktop platform is designed for futures and options trades, as well as account stock traders with options strategies. Even though ETFs are allowed to sell, there are no commission-free funds; and this puts LimeFX behind its competitors. The platform provides a web trading platform for its customers.

If you do a two-legged trade , the maximum commission you’ll pay is $20, no matter how many contracts are involved. Although LimeFX makes entering orders on the mobile app relatively simple by optimizing a drag and drop feature, graphing and charting are not optimized for the mobile experience. Graphs, for example, are displayed in a very small window, and there are no drawing tools on the charts. Low option commissions are ideal for individuals who participate in that market segment, especially if they can bring some volume.

The traditional web trading platform is easy to navigate and has been set up in an intuitive way. The tools implemented allow traders to follow a simple, yet effective trading process. LimeFX uses a “SEE IT/ CLICK IT/ TRADE IT” method which harnesses the efficiency of a click and drag interface. The platform limefx reviews displays clear profit and loss zones and you’ll be able to keep a watchful eye on your profit probability. International customers can take their pick from a standard cash account to a more complex margin and portfolio margin account option. LimeFX open account options are not available to Canadian citizens.

You also get quick order adjustment, a feature that allows you to adjust working orders on a real-time basis. This gives you a better chance of having orders filled at the right price on both the LimeFX mobile app and web platform. If https://limefx.group/ you’re an experienced trader looking to profit on derivatives like options and futures in the short term, then LimeFX is already a great option for you. Reduce transaction fees.You don’t want a pay high fees to your trading platform.

Although we like the fact that LimeFX provides access to several popular cryptocurrencies, there are some things that investors should be aware of. On the other hand, if you value trading unburdened by the commission, go with LimeFX. In either case, the commission is far from unsurmountable, so you won’t go wrong whichever platform you choose. The most significant difference between the two is that thinkorswim had a headstart when developing its offer, so those reliant on a massive trading toolkit will prefer thinkorswim. However, after conducting our LimeFX review, we are happy to say the younger platform will undoubtedly catch up soon in the future.